Affymetrix Stock Falls On Unusually High Volume (AFFX)

NEW YORK ( TheStreet) -- Affymetrix (Nasdaq: AFFX) is trading at unusually high volume Tuesday with 2.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 24 cents (-4.5%) at $5.15 as of 12:05 p.m. ET.

Affymetrix has a market cap of $359.5 million and is part of the technology sector and electronics industry. Shares are up 24.4% year to date as of the close of trading on Monday.

Affymetrix, Inc. engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets primarily in the United States, Europe, Japan.

TheStreet Ratings rates Affymetrix as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Affymetrix Ratings Report.

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